Sky-high prices of Santa Clara County homes affecting Bay Area families
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- Опубликовано: 14 май 2024
- Len Ramirez reports on home prices in Santa Clara County, and how it is affecting Bay Area families.
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Commuting from Sonoma County to San Jose daily is actually insane. At that point just pack up and plant seeds somewhere cheaper. That commute results in an awful quality of life.
The east bay and north bay actually used to have some inexpensive parts that were okay, like 30 years ago. It was already an extrodenary region back then with a lot of "special" people, but it was also still full of ordinary blue collar Americans that coukd be found throughout the country. The bay area might have been expensive even then but it was nothing like now...
Let get this right ?
She has 2 kids ?
A business in San Jose
And commuting from Sonoma County?
Also looked like there was no ring 💍 in her finger ?
How lucrative can her business be ?
every city in California should have affordable housing. Low and middle income families deserve a place to rent and buy.
high prices of real estate is out of line
What’s wrong with Sonoma County. It’s beautiful there. But there.
It’s really tough. All about timing too. Buyers of the 90s and the downturn in 2008 got lucky. Bay Area homes are not going back the way it was in 2008 and the 1990s because that’s the history of real estate here since William Shockley invented the semiconductor.
AirBnB has made rental unaffordable due to many people putting thier properitres only for AirBNB rentals and they are making so much money that they don't have to need to sell their properties. ANd with less supply, the property prices have shot up ni matter how bad the economy is or how bad the inflatiin is or how high the mortsge rate it..There are enogh people with lot of moeny and htye are bidding up and putting thm on AirBnb for rent.
Commuting from Sonoma County to San Jose daily is a miserable quality of life.
A house, like any other consumable, is worth only whatever someone is willing to pay for it. Nobody today is buying a house thinking they're going to sell it at or below what they bought the house for later in the future. A house has been seen as a so-called 'wealth builder' since at least the 1980s (thanks Reagan). Prior to the 1980s, few people thought of a house as a 'wealth builder' but rather just a place to live. Even the most ardent staunch liberal complaining how expensive housing has become would never dream of selling their house for less than what they bought it for. If houses were seen more like cars, the prices would be no where near where they are across the country. This is all a result of us, not politicians. Until our mindset changes on how we build housing, how we view housing as an 'investment' or 'wealth builder', we shouldn't be surprised by the price of housing. And of course realtors will always do and tell you from the angle of what's best for their bottom line, not yours, period. Have your guard up when shopping for a house.
Got to watch out for the property tax about $25k a year for a $2m home. People who couldn't afford SCC or don't want to pay sky high prices will go to another more affordable place and jack up the prices over there and sky high prices are spreading all over the bay...
And IRS caps it for $10K for deductions. They should remove the cap.
I’m watching!
City leaders welcome companies that pay high wages as they pay high taxes. Is it any wonder that the people who work for them have pushed housing prices so high? Those who don't make the big bucks get pushed out.
100%, but that's how it goes in nature too. Survival of the fittest
@@RandomRabbit007 No not really. Just build more affordable housing. food for thought
@@laeihbvaljefhbvalejfhbv Do we really want the Bay area (or California in general) to turn into NYC? FULL of projects and housing authorities? Leading to tons more crime and drugs.
@@laeihbvaljefhbvalejfhbv high density is inhumane conditions. Only leads to drama and nonsense with tons of stress/anxiety. We DO NOT want to become another NYC
The Bay is done 🪦
We had a good run!
you're willing to pay than it's your
wish I was the happy seller
Locked into interest rates around 2.5% most owners WILL NOT SELL 😂 Good luck ever owning if you don’t own one now.
I hear Texas is still cheap…
Texas is now expensive too, so is Florida haha. But i'll never leave California
The people in Texas are completely backwards no thanks
@@MiMiiViVi Well because those few "select" areas must have something extremely special about them. It's not just about having "amenities", you can't just ignore the weather and natural beauty in California. That is a real thing and people put a premium on it. The QUALITY of amenities in California is world-class, a restaurant in Cali is not the same as a restaurant in Kansas, neither is a barber, school, state park, hotel or anything else. I have been to other states and it AMAZES me the condition of the infrastructure, hotels and restaurants, MANY are stuck in the 1970s (because they cant afford to renovate). Also it's nice living in a place where I never have to worry about excessive rain, snow, hail, flooding, heat, humidity, cloudy days, tornadoes, hurricanes or anything else (just a tiny earthquake every couple years or a forest fire in areas I don't even remotely live near and almost no lives near). 100 degrees in CA (only in the select valleys) is not the same as Arizona/Texas/New Mexico/Nevada heat or the humid-heat of the south, I would take 100 dry heat with tons of rivers, lakes, pools and the ocean nearby any day and remember that the Bay area and SoCal very rarely even reach 100, it's more in the Central Valley and WAY in-land in the LA area. Also winters are at worst like 40 degrees with no snow and not much rain (tho we love the rain we get) and in many places not even 40 (like SoCal which is usually around 45-50 degrees for lows). Look at how many sunny-days we get, it's amazing for people who want to live an active life outdoors everyday. If you want THE BEST, it will be found in California. That will not change any time soon, even tho a once in a 100 year pandemic did do some damage.
Greed starts at the top 1%
Might be hard to believe but better get a home now before prices really spike.
As much as non-homeowners keep calling for a housing price crash due to a disbelief at the current high prices, the reality is that the surge of cash going into homes this decade has just started.
Those with money are pushing hard into any prime location homes as those can now be made profitable as rentals. Given the slightly elevated inflation and increasing wealth concentration, this trend will trickle down into affordable homes in the $1.5-2M, driving them up by 60-80% by the end of the decade.
Oh, boomers with those big homes aren’t stupid. They’re not going to sell their homes now that they know they’ve got another huge windfall coming in the next few years.
Please leave California who wasn’t born here
I WISH haha, transplants can be brutal to be around ... Although my parents were transplants in their own way (immigrants) so I shouldn't complain too much. Tech-bros are the ABSOLUTE WORST thing to ever happen to the Bay area culture
As a tech bro I endorse this message . I sold stock and bought in Atherton. I feel for everybody who got priced out of Atherton
If you're not in tech making 150-200k / year then you're gonna struggle in CA!!! No reason to live in such a high cost area
I moved to Alabama best decision ever made. Great weather , bought a huge mansion on the coast for the same price as a crappy shack in Sunnyvale
* If you're not Asian or an H1B south Asian
@@ecor150 😎👍
Bay transplant here. Did you sell your place in Atherton before buying in AL? My buddy moved to Birmingham and seems quite happy there.
@@OneAcer 👍
Only Asians and H1Bs can afford an actual house there...
CCP 中国🇨🇳 investors love CuperCHINO
@@SVmathfarmer make that term viral. That's exactly what it is down there.
@@SVmathfarmer Jealous much?
@@SVmathfarmer Actually most of them are Taiwanese in that town, not CCP. But yes a lot of Chinese for sure.
@@lalalalalalalala4264own rentals in cuperchino to 中国人口